In April, President Trump declared his plans to form the US Crypto Strategic Reserve. Consequently, there was a rise in crypto activities. Trading peaked. A lot of investors trusted him and made major investments.
What happened after that? The US government lived up to Trump’s declarations. Already, BTC, XRP, ETH, and Cardano are part of the US financial infrastructure.
A lot of crypto exchanges saw a rise in transaction requests. So much s that the scalability of the exchanges is at stake.
In the meantime, a lot of exchanges are not able to handle the rush. But not Binance. The platform set a new record by transacting 4.4 million requests each second. The bottom line is that Binance is the leading exchange that can handle further surges, too.
That is certainly not the case with all of the other exchanges. Some faltered and caused miserable delays in transactions. Others faced system slowdowns or occasional outages.
Why Crypto Exchanges Should Improve Scalability
Scalability refers to the ability of exchanges to process a certain number of transactions in a given period. However, the performance or the speed should not falter. For exchanges, it means handling a great many transactions every minute.
Meanwhile, all investors know that the crypto exchanges move quite fast. If you can’t invest in the moment, the opportunity might be gone in no time.
How To Measure Scalability:
- The number of transactions that you can process from a platform in a second. It handles how fast the platform can handle the trading activities.
- The time you need to confirm and seal a trade is your latency. High latency means you take more time to process the transaction. Hence, most traders prefer platforms with low latency.
Binance’s Policy
Binance flaunts a robust infrastructure. The platform can process millions of requests every second. Hence Binance is your place to be if you want to invest promptly and win big!
